Marsh Webcast June 15 — Strategic Risk Management: Expectations and Opportunities
New York, June 8, 2011 – Organizations’ expectations of the risk management function have increased markedly over the past three years, with new demands for cross-company collaboration, better use of data and analytics, and a more strategic outlook. With these heightened expectations comes the opportunity for risk managers to establish strong strategic roles for themselves and their departments.
On Wednesday, June 15, at 11 a.m. ET, Marsh will host a one-hour webcast to examine the state of strategic risk management and highlight findings from the recent Marsh-RIMS report, Excellence in Risk Management VIII: Greater Expectations, Greater Opportunities.
The report, released in May, found that C-suite executives expect risk managers to take a more active role in integrating enterprise risk management (ERM) with their organizations’ broader strategic goals. Of the survey’s more than 1,000 respondents, 80 percent said senior leadership’s expectations of their organization’s risk management departments have grown over the past three years.
“The perception of the risk management department is changing, spurred in part by the economic adversity and uncertainty of the past three years,” said Brian Elowe, a managing director in Marsh’s Global Risk Management Division and one of the report’s authors. “Organizational leadership is looking for more transparency across the enterprise, and risk management is no different.”
Marsh’s webcast will explore how organizations can start on the path to a more strategic risk management approach; how those that are already heading that way can continue to make progress; and how strategic risk planning can help meet ever-increasing expectations.
In addition to Mr. Elowe, panelists will include Ben Fidlow, leader of Marsh Business Analytics, and Pam Rogers, a managing consultant in Marsh’s Risk Management Optimization Practice. Mr. Elowe will moderate the webcast.
Listen to a replay of the Webcast.